All jobs lost as Barnsley printing business ceases trading
A Barnsley printing company has ceased trading and all 9 staff have been made redundant.
Rethink CMYK Limited specialised in digital printing and was based on Shortwood Way in Hoyland.
As a result, assets belonging to the company, including specialist printing equipment, are up for sale.
Difficult trading conditions within the print industry led the company to run into financial difficulties. It closed on April 30th this year.
Insolvency specialists Kelly Burton and Lisa Hogg, from Sheffield-headquartered Wilson Field, were appointed as joint administrators for the company on May 10th.
Kelly Burton, director and licensed insolvency practitioner at Wilson Field, said: “Despite attempts to negotiate terms with an essential supplier, the company had insufficient cash to continue trading and sought specialist advice.
“The company ceased trading on 30 April and all 9 jobs were made redundant. We are now seeking purchasers by way of public auction for plant and equipment.”
The assets include a variety of printing-related equipment including a 2006 Horizon Collator Stitcher, Polar 115 EMC Monitor Guillotine and Morgana Autocreaser.
Clients of Rethink CMYK had included national brands such as NHS, Unilver, John Lewis and Carillion.
Asset disposal is being dealt with by John Pye & Sons.